20 March 2020: ICAEW chart of the week
Economic data on coronavirus
The spread of COVID-19 has already disrupted the economy in China and beyond. This page collects together ICAEW insights and externally-produced resources giving economic indicators and analysis on the financial impact of the coronavirus.
11 March 2020: coronavirus represents a potent new source of uncertainty for business, but the bigger question is whether the shock will be sufficient to knock the global economy into something worse. Ian Stewart, Max Lambertson and Andrew Grimstone from Deloitte explore the possibilities.
A quarterly forecast for the Greater China region, for the finance profession, produced with Oxford Economics.
Detailed briefing examining the likely impact of the coronavirus epidemic on SMEs alongside an inventory of country responses to foster SME resilience. The paper brings together data on disruption to firms and the impact on revenue, sales, employment costs, demand, supply chains, and other areas from industry surveys across OECD countries.
The OECD forecasts a 2.4% drop in annual global GDP growth in 2020 as a result of the coronavirus outbreak – with direct disruption to global supply chains and an adverse impact on business confidence, financial markets and the travel sector. This Interim Economic Outlook report examines the economic impact of both a base-case contained outbreak scenario and a domino scenario illustrating the potential effects of a broader contagion.
Caixin Purchasing Managers' Index (PMI) data for February 2020 shows a severe impact on China's manufacturing sector and intense pressure on supply chains resulting from the outbreak of COVID-19. However, the situation is expected to improve through March once coronavirus-related restrictions are lifted and manufacturers resume work.
The UK Manufacturing Purchasing Managers' Index (PMI) for March 2020 sees rapidly emerging disruption to supply chains due to the outbreak of COVID-19. Responses from purchasing managers indicate that companies have depleted Brexit safety stocks and that delays in the delivery of inputs have led to increased pressure on inventories, with stocks of purchases falling at the fastest rate in over seven years.
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